Rogers Sugar (TSE:RSI) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Rogers Sugar Inc. (TSE:RSI) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$6.77 and traded as low as C$6.43. Rogers Sugar shares last traded at C$6.43, with a volume of 144,367 shares.

Rogers Sugar Stock Up 0.2%

The company has a market capitalization of C$839.39 million, a price-to-earnings ratio of 12.56 and a beta of 0.67. The business’s 50-day moving average is C$6.78 and its 200-day moving average is C$6.76. The company has a quick ratio of 0.56, a current ratio of 1.68 and a debt-to-equity ratio of 89.42.

Rogers Sugar (TSE:RSI) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.13 EPS for the quarter. Rogers Sugar had a net margin of 5.48% and a return on equity of 14.14%. The business had revenue of C$293.69 million for the quarter. As a group, equities analysts predict that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current year.

Rogers Sugar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Wednesday, October 21st will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 5.5%. Rogers Sugar’s dividend payout ratio (DPR) is currently 69.23%.

Insiders Place Their Bets

In other Rogers Sugar news, insider Louis Turenne sold 27,692 shares of Rogers Sugar stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of C$6.71, for a total transaction of C$185,813.32. Following the sale, the insider owned 18,896 shares of the company’s stock, valued at C$126,792.16. The trade was a 59.44% decrease in their position. Also, insider Michael Walton sold 56,200 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of C$6.81, for a total value of C$382,722.00. Following the transaction, the insider owned 232,747 shares in the company, valued at approximately C$1,585,007.07. This represents a 19.45% decrease in their ownership of the stock. Insiders sold a total of 292,954 shares of company stock worth $1,999,387 in the last 90 days. 0.28% of the stock is currently owned by insiders.

Rogers Sugar Company Profile

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montréal, Québec, and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic also operates a distribution center in Toronto, Ontario. Lantic’s sugar products are mainly marketed under the ‘Lantic’ trademark in Eastern Canada, and the ‘Rogers’ trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.